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retailers earned one-third of their profits during the holiday season and consumers make up 70% of the u.s. economy. during the holiday-shortened week the markets moved in tandem for the fiscal cliff. up more midweek. the markets continued to climb on friday. stunning accusations that one of america's iconic companies hewlett-packard which acquired autonomy last year for $11 billion is accusing autonomy of what it called serious improprieties in its bookkeeping and inflating its own value. meg witman says the company lied about how much it was worth. >> we believe there's a willful effort on the part of certain members of autonomy management to mislead shareholders when they were a publicly held companies and mislead buyers including hp and we stand by the forensic review we have seen. as you know, we have turned it over to the fcc. >> we are shocked. we have been pretty ambushed by this today. first we heard about it was a press release and we refute them. they are factually incorrect. we'd like to learn more about them. i'm afraid the details haven't been shared with us. >> reporter: aut
retailers earned one-third of their profits during the holiday season and consumers make up 70% of the u.s. economy. during the holiday-shortened week the markets moved in tandem for the fiscal cliff. up more midweek. the markets continued to climb on friday. stunning accusations that one of america's iconic companies hewlett-packard which acquired autonomy last year for $11 billion is accusing autonomy of what it called serious improprieties in its bookkeeping and inflating its own value. meg...
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Nov 26, 2012
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john engler, president of the u.s. roundtable is also at the white house. but the most important thing that's happened so far pending any agreement on details is that republicans are beginning to crack in their absolute opposition to increases in tax revenue. not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with the money? i want to buy down debt and cut rates to create jobs but i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseens aware. i was just elected. i made aware the only thing i'm honoring is the oath i take when i'm sworn in this january. >> both of these senators are saying they aren't going to be browned by grover norquist from americans for tax reform. this is an issue bigger than norquist. the republican party has positioned itself as the smaller gov
john engler, president of the u.s. roundtable is also at the white house. but the most important thing that's happened so far pending any agreement on details is that republicans are beginning to crack in their absolute opposition to increases in tax revenue. not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with...
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him there for forty years and the way the u.s. goes about dealing with the drug problem drug issues in latin america is similar to the way it was done thirty years ago look at the us in honduras recently it's just so similar to the way we dealt with bolivia and peru thirty years ago that's just and the latin americans have never been able to get the attention of the united states to look at alternatives carol and i agree to you that read it a little ization is not a postponement is a little but they're not looking at us as simply refused any idea of a debate discussion and now they're ringing the alarm bells and the only way to get washington's attention i think there is to be used i mean i think there was a question of alternatives that. right there well peter you're right only as there then shouldn't i was a legalisation to talk about reforms i know but you know how and why i was going to say do that in order to talk about reforms. yeah i worry so well the the issue organization the reason why you have i was right you don't want
him there for forty years and the way the u.s. goes about dealing with the drug problem drug issues in latin america is similar to the way it was done thirty years ago look at the us in honduras recently it's just so similar to the way we dealt with bolivia and peru thirty years ago that's just and the latin americans have never been able to get the attention of the united states to look at alternatives carol and i agree to you that read it a little ization is not a postponement is a little but...
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Nov 26, 2012
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it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates their lawyers in court all the time about all of these issues, he's had it and wants to bring this issue to a head now. she has said no way, federal court. >> they claim they're going to appeal, it will be difficult to get an appeal. december 15th will be extremely interesting to see what happens. this story keeps on giving. christi christina kirchner was worried because they've seized a vessel in the port of ghana recently. we'll see what finally happens when it finally gets done. >> steve you have any thoughts on how that might affect more broad
it's gotten to the point where the u.s. federal government filed an amicus brief on behalf of argentina because it's so problematic. the judge has the authority, he has jurisdiction over u.s. institutions and he can say go ahead, defy me, which is what he's done. he's done this on purpose -- >> the u.s. government has filed on the other side. filed the amicus brief on the other side. >> right but he is so furious with argentina, fighting with them for ten years n his '80s, berates...
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Nov 26, 2012
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it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program, research in motion, the target of bullish calls over the last couple trading sessions. we're going to talk about the launch of black berttblackberry. >> winklevoss will drop by and talk about why they invested 750,000 into one specific deal. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic ocean. it's what drives us to create eco-friendly race trac
it's more than just a u.s. story. looking into europe, emerging markets if you have a longer term time horizon. commodities. all of these things are going to be part of it and nickel and dime your nay. we don't swing for the fences. >> good stuff. thanks very much. >>> next on the program, research in motion, the target of bullish calls over the last couple trading sessions. we're going to talk about the launch of black berttblackberry. >> winklevoss will drop by and talk...
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Nov 26, 2012
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so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i think that was the best trading opportunity left in 2012, so if you missed it, you have to be a little bit cautious now about piling in at the start of this week. i think we can still maintain at the levels reached, but i think it will be a little more choppy. >> and it contact on the back with the s&p off 10%, 11% from the september highs. >> that's right. an overextension. it was a pretty straightforward call. i know it's always easy to say that in hipd site, but -- >> we did call it, though. >> we did. but
so u.s. markets back to business as usual today after closing out the short holiday week with the first positive black friday since 2008. joining us is head of trading and founder of amplified trading. pierce, thanks for joining us. we talked the friday before last week and then i wrote about it and said if you're a trader, you might think we'll get a bounce. and we did. 5.5% for the dax, nasdaq composite up 4%. >> big bounce. bigger than expected. i think what that will mean, though, i...
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Nov 26, 2012
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. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day before thanksgiving for refusing to get flu shots. is that legal? stay with us. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfect
. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day...
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Nov 26, 2012
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we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic buying is pushing our interest rates go up. you'll lose a lot of principle on munis bonds. if you buy one today you have a 1% to 2% chance to the upside and a 40% chance of losing money. that's not good odds. run away from interest rate-sensitive bonds. that's my number one, you know, tip of the day, if you want to call it. stay away from that. >> the takeaway from ed. thank you for joining us, stewart. a pleasure. >>. >> 12 minutes before the closing bell. right now the dow jones industrial average is lower by 54 points. nasdaq higher by 70 point. >> violent protests in egypt are one of the ma
we bought more equities for our growth clients a number of weeks ago and we bought u.s. equities on weakness because we believe there was an opportunity to. you want the market to go up indefinitely over the long run and i think it will happen. >> i'm curious about your call about avoiding munis. a lot of people see taxes going up on everything else. >> this is what it is. tax-exempt bonds sound good when taxes are going up but the value of the bonds have been bit up because panic...
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Nov 26, 2012
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>> what canada's doing is continuing to feed the u.s. addition to fossil fuels. instead of being the kind of friend who says, "let's make a helpful intervention here," we're acting as the supplier of a drug fix to the u.s. while all the time saying, "just say no." but we keep selling it. >> but unless the chinese go back to bicycles and americans trash their suvs, there will be buyers for oil anywhere, no matter how it's found or mined. right now, canada has become the land of opportunity for oilmen. they'll tell you there's little else on the horizon. >> bob, if you take a tablet and put on it, "where is supply going to come from that we don't know about today?" and you put down all the optimistic points, that tablet will be basically blank. >> as blank as the landscape around fort mcmurray, where the world of oil exploration ends. you think the days of cheap oil are gone? >> they're gone. from what we knew as cheap oil, when i pump gasoline in ray smith's sinclair station on hinkley street in holdenville, oklahoma, 11¢ a gallon, that's gone. >> $1.50 a gallon?
>> what canada's doing is continuing to feed the u.s. addition to fossil fuels. instead of being the kind of friend who says, "let's make a helpful intervention here," we're acting as the supplier of a drug fix to the u.s. while all the time saying, "just say no." but we keep selling it. >> but unless the chinese go back to bicycles and americans trash their suvs, there will be buyers for oil anywhere, no matter how it's found or mined. right now, canada has...
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Nov 26, 2012
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also looking into terms of u.s. economic data from durable goods to what happens with the gdp data on thursday. then we have at the end of the week china's official pmi data. all of that will be very important for the gold price as we also continue to talk about the fiscal cliff. a lot of traders see bullish momentum in gold because of that. barclays saying we could see $1,810 for the gold price in the fourth quarter. as far as the other metals, we are looking at a mixed picture. copper will be key as well to see if the gains we've seen over the two weeks continue. back to you. >>> we're on the downside here on the floor of the nyse. mary thompson joins me, although we're off of our worst levels of the day. some improvements. >> it's not really a surprise we're down today because traders said coming in to this we looked a little overbought, we had such a big move in the markets on frooird. basically we're seeing today techs pick up where they left off on friday, meaning they're one of the better performing sectors.
also looking into terms of u.s. economic data from durable goods to what happens with the gdp data on thursday. then we have at the end of the week china's official pmi data. all of that will be very important for the gold price as we also continue to talk about the fiscal cliff. a lot of traders see bullish momentum in gold because of that. barclays saying we could see $1,810 for the gold price in the fourth quarter. as far as the other metals, we are looking at a mixed picture. copper will be...
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Nov 26, 2012
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as of devotee in this room knows, you were a teenager when the police swept u.s. and put you on trial for the murder. what was the point if there was one where you realized that this was really happening actually not a mistake, not something was going to be our year in doubt when you were arrested was it during the trial was it ten years into being in prison? >> it happens gradually you go back and forth. when you are arrested i was a child myself, i was 18-years-old and a very 90's about how the system worked. i had been raised in this belief that the system is based on innocent until proven guilty, and i thought there is no way they can actually prove that you've done something that you haven't done that should be scientifically impossible but it wasn't. they didn't and it was a part of the place when they would come back and say guilty but there's also they would come back and start sensing you are hearing this to death not once or twice but three times. that's when you realize nobody is going to step up and help your with a stop to that a respected you think t
as of devotee in this room knows, you were a teenager when the police swept u.s. and put you on trial for the murder. what was the point if there was one where you realized that this was really happening actually not a mistake, not something was going to be our year in doubt when you were arrested was it during the trial was it ten years into being in prison? >> it happens gradually you go back and forth. when you are arrested i was a child myself, i was 18-years-old and a very 90's about...
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Nov 26, 2012
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meanwhile, as this is happening the u.s. postal service is scaling back its operations because it's completely broke. that means more business for shipping companies like fedex. why federal express rather than united parcel? u.p.s., pretty good outfit. fedex came out with a one-two punch of disappointments in september, reporting a quarter they missed even as already lowered expectations. the slowing global economy crushed the company's international express business. even as the more profitable ground shipping side of the business did better. however, there's a positive side to fedex's disappointing numbers and it's this. they reset expectations down to a lower level where they could be beaten in the future. like ross stores. that's how fedex is now actually trading slightly above where it was when it preannounced to the downside on september 4th. the real catalyst, though, fedex announced a major restructuring on its analyst day on october 10 preside 10th. i pick it regularly on my charitable trust. think of fedex as the u
meanwhile, as this is happening the u.s. postal service is scaling back its operations because it's completely broke. that means more business for shipping companies like fedex. why federal express rather than united parcel? u.p.s., pretty good outfit. fedex came out with a one-two punch of disappointments in september, reporting a quarter they missed even as already lowered expectations. the slowing global economy crushed the company's international express business. even as the more...
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on sunday he talked about his call for the u.s. to take a more active role. >> i think our actions in foreign policy, and maybe i'm naive, represent our values and represent who we are. and if any american were to go to that country and stand and see what was happening there, they would insist that we do what we could. >>> more than ten years after she was kidnapped as a teenager, elizabeth smart is finally ready to tell her own story in a new book. and the author is chris stewart who was just elected to congress from utah. he tells "the salt lake tribune" he hopes to have the first draft written before he takes office in january. >>> and finally, guess who else got their holiday shopping off and running this weekend, president obama who took his daughters to a virginia bookstore as part of small business saturday. >>> and that's your morning dish of "scrambled politics." and now here's a look at your monday morning markets. the dow opens the week at 13,009 after climbing 172 points friday. the s&p gained 18. the nasdaq rose 40. no
on sunday he talked about his call for the u.s. to take a more active role. >> i think our actions in foreign policy, and maybe i'm naive, represent our values and represent who we are. and if any american were to go to that country and stand and see what was happening there, they would insist that we do what we could. >>> more than ten years after she was kidnapped as a teenager, elizabeth smart is finally ready to tell her own story in a new book. and the author is chris...
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well we want to begin with a closer look at action being taken in the name of u.s. national security but that might hinder government employees ability president obama released a memo last week to the heads of executive departments and agencies about the national insider threat policy basically to help detect threats on the inside employees working inside the government now according to that memo these threats encompass potential espionage of violent acts against the government or the nation and unauthorized disclosure of classified information including the vast amounts of classified data available on interconnected united states government computer networks and system now the concern here though is that this memo might be a larger attempt to silence whistleblowers since one of the provisions restricts contact between government officials and reporters now to speak more about this is kevin dust bowl of blogger with firedoglake hey there kevin i know you write a lot about whistleblowers and also about the government's attempts to crack down on them now this is reall
well we want to begin with a closer look at action being taken in the name of u.s. national security but that might hinder government employees ability president obama released a memo last week to the heads of executive departments and agencies about the national insider threat policy basically to help detect threats on the inside employees working inside the government now according to that memo these threats encompass potential espionage of violent acts against the government or the nation...
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Nov 26, 2012
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and congressman king speaking out about the responsibility of u.s. ambassador to the u.n., susan rice taking over as secretary state. the congressman said today on meet the press he approved of her performance as ambassador to the u.n., but feels she mishandled the response to the deadly attack on our consulate in libya. meanwhile, senator john mccain right now would oppose rice's confirmation says he could change his mind. still, he and senator lindsey graham says that rice needs to clear up her stance on the benghazi attack. >> and she could give everyone explaining their position and actions they took and i'll be glad to have the opportunity to discuss these issues with her. >> when she comes over, if she does, there'll be a lot of questions asked of her about this event and others, but i do not believe the video is the cause. >> harris: of course, he's talk about that a video at first the white house says triggered all of this critical of the islam religion. we know that's not the case, there are no protests on that video going on that night. and
and congressman king speaking out about the responsibility of u.s. ambassador to the u.n., susan rice taking over as secretary state. the congressman said today on meet the press he approved of her performance as ambassador to the u.n., but feels she mishandled the response to the deadly attack on our consulate in libya. meanwhile, senator john mccain right now would oppose rice's confirmation says he could change his mind. still, he and senator lindsey graham says that rice needs to clear up...
SFGTV2: San Francisco Government Television
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Nov 26, 2012
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new york is the most densely populated city in the u.s. and over 40 million tourists visit the city every year. the 1.3 billion gallons of water required every day are delivered by a system of extraordinary scale and complex engineering. man: water is essential to the economic viability of new york city. reliable infrastructure and reliable delivery of water is a must. you have to reinvest in the infrastructure every single minute to keep it current. hurwitz: we have the stock exchange, we have the united nations -- failure can have a dramatic impact on the nation, and even internationally. so there's a really keen awareness that you always have to be fixing the system. things corrode, they rust. they get to where you turn them on and nothing happens. but it is so totally used in every nook and cranny, that making any accommodation to shut it down, to do something to it, is very difficult. narrator: two massive underground tunnels, called simply tunnel 1 and tunnel 2, provide most of the city's water supply. they run hundreds of feet below
new york is the most densely populated city in the u.s. and over 40 million tourists visit the city every year. the 1.3 billion gallons of water required every day are delivered by a system of extraordinary scale and complex engineering. man: water is essential to the economic viability of new york city. reliable infrastructure and reliable delivery of water is a must. you have to reinvest in the infrastructure every single minute to keep it current. hurwitz: we have the stock exchange, we have...
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the u.s. economy continues to be hampered by the lingering effects of the financial crisis on its productive potential and by a number of headwinds that hindered cyclical adjustment of the economy. the federal reserve is doing its part by providing accommodative monetary policy to promote a stronger economic recovery in the context of price stability. as i said before, while monetary policy can help to support economic recovery, it is by no means a panacea for our economic ills. uncertainties about the situation in europe and the prospects for federal fiscal policy seemed to be weighing on the spending decisions of households and businesses as well as on financial conditions. such uncertainties will only be increased by a delay. in contrast, cooperation and creativity to deliver fiscal clarity, in particular a plan for resolving the nation's longer-term budgetary issues without harming the recovery, could help make the new year a very good one for the american economy. thank you very much. [ap
the u.s. economy continues to be hampered by the lingering effects of the financial crisis on its productive potential and by a number of headwinds that hindered cyclical adjustment of the economy. the federal reserve is doing its part by providing accommodative monetary policy to promote a stronger economic recovery in the context of price stability. as i said before, while monetary policy can help to support economic recovery, it is by no means a panacea for our economic ills. uncertainties...
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. >> fox news learned west virginia republican shelly moore capita will announce her candidacy for u.s. senate. she was select to do her 7th term will run for jay rockefeller's seat. he has held the seat since 1984 but has not said if he will run again in 2014. >> what would you do with $425 million? that is where the jackpot for power ball stands right now. no one picked the winning numbers for the weekend drawing so you can run out and buy your ticket before the mad rush begins. the drawing is wednesday night. let's make our plans now. >> office pool. >> congress returns to work today and they are ready to tackle the fiscal cliff crisis. lawmakers are ready tro compromise. >> lawmakers are ready to give in on tax changes in order to get some sort of a deal done. kelly wright joins us with more on what it means for the negotiation. we could be looking at possible tax hikes, isn't that right? >>> oo the government is on automatic pilot. that is five weeks away. for congress there is much work to be done and more compromise to be made in order to avoid the fiscal cliff. it will require
. >> fox news learned west virginia republican shelly moore capita will announce her candidacy for u.s. senate. she was select to do her 7th term will run for jay rockefeller's seat. he has held the seat since 1984 but has not said if he will run again in 2014. >> what would you do with $425 million? that is where the jackpot for power ball stands right now. no one picked the winning numbers for the weekend drawing so you can run out and buy your ticket before the mad rush begins....
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impact of these kinds of breaks and researchers found that the danish tax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >> yes, pretax versus postdocs. cheryl: you know washington so well. are there different types of loopholes -- mortgage deduction loopholes, four o. one kays are now? think of those will be the real deal? >> do think those will be the types that will be truly the final deal that we get instead of the overall arching, everyone gets taxes raised? >> yes, i think they will probably end up with a mix of limits on tax deductions. with some tax increases. but i think that those making over 250,000, those families are going to bear the brunt of all this. i know that everybody enjoys their mortgage deduction. peter barnes, t
impact of these kinds of breaks and researchers found that the danish tax rates, which is similar to the u.s., increased retirement savings, but that for every dollars that workers put into government incentives, they reduce the savings outside of plans that do not have government help by almost the same amount. so almost no increase in retirement savings. >> so those would be taxable accounts? obviously, they are saying what is my taxable account look like. let me ask you this. >>...
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Nov 26, 2012
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consumer spending makes up 70% of the u.s. economy and 40% of that will happen in just these two months, november and december. so how did we fare over the past two days? not too shabby. $59 million spent. the average american in the past four days spent some $423. interesting to note, though, that black friday sales were actually down nearly 28% this year compared to last year. why? well, i guess a lot of people excused themselves thursday night from thanksgiving dinner, went out to the stores shopping. overall, we're expected to see a 4.1% increase from last year. that is very good news for the u.s. economy. of course, thanksgiving came early this year. we'll see if americans continue the spreading spree up to christmas. amy? >> it's all about having more days to shop. bianna golodryga, thank you so much. >>> let's head to josh elliott with the other top stories developing right now. >> the holiday travel weekend as come to an end, but not without major scare for passengers flying from st. louis to cincinnati. a disaster ave
consumer spending makes up 70% of the u.s. economy and 40% of that will happen in just these two months, november and december. so how did we fare over the past two days? not too shabby. $59 million spent. the average american in the past four days spent some $423. interesting to note, though, that black friday sales were actually down nearly 28% this year compared to last year. why? well, i guess a lot of people excused themselves thursday night from thanksgiving dinner, went out to the stores...
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they say it may be the most lucrative u.s. trading scheme ever. >> human error is partly to blame for fridays' natural gas explosion and a massachusetts that level a strip club. and damaged more than three dozen surrounding buildings. the state's fire marshal says a worker from the columbia gas co. accidentally punctured a high-pressure pipe with a metal probe while looking for the source of the gas leak. fortunately much of the surrounding area had already been evacuated. >> we will take a break is 625 we will have more news ahead. here is a live look outside for the fog. this fog will slow your morning commute. will also follow wall street with the opening bell just minutes away. he will track the numbers in just a bit. >> when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. >> welcom
they say it may be the most lucrative u.s. trading scheme ever. >> human error is partly to blame for fridays' natural gas explosion and a massachusetts that level a strip club. and damaged more than three dozen surrounding buildings. the state's fire marshal says a worker from the columbia gas co. accidentally punctured a high-pressure pipe with a metal probe while looking for the source of the gas leak. fortunately much of the surrounding area had already been evacuated. >> we...
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some u.s. lawmakers are urging caution in dealing with egypt's new islamic leader. >> we don't obviously want to see a democratically elected autocrat take the place of an undemocratically elected dictator. which was the case before that. >> holly williams is in cairo this morning. what's the latest there now? >> reporter: good morning, terrell. here in egypt we saw a lot more violence yesterday. in cairo, protesters who were angry with president morsi fought running street battles with the police. protesters throwing rocks, police firing back with tear gas. one person was killed when a crowd attacked the headquarters of the muslim brotherhood, the islamist group from which the president draws much of his support. beyond the violence you get the sense the president's opponents don't quite know what to do. some people are trying to mount a legal challenge to his new powers. given the fact that he's now made himself immune to the courts, that may be useless. terrell? >> is this likely to be resol
some u.s. lawmakers are urging caution in dealing with egypt's new islamic leader. >> we don't obviously want to see a democratically elected autocrat take the place of an undemocratically elected dictator. which was the case before that. >> holly williams is in cairo this morning. what's the latest there now? >> reporter: good morning, terrell. here in egypt we saw a lot more violence yesterday. in cairo, protesters who were angry with president morsi fought running street...
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it's kind of like u.s. is analogous to the u.s. government responsibility and there is a beautiful book called the people's privilege which tops out to leave the -- talks about the small the when they killed reverend lovejoy was an abolitionist. they killed him and they destroyed the press because they didn't like what he had to say. he pointed out in the moment when not only does the free speech mean they can't send to you but it also means they manage to protect you from the mall that wants to sensor you. 77 it is to make sure that the administration prevents them from happening and they do their best to prevent it from happening because it is a dual responsibility. the position is they can't let the mog sensor you. of a perfect example when the forces can together to work as one, and it is in the bucket is almost an unbelievable case, washington state university, a student wrote a play in the passion of the musical with of the stated goal of attending offending everybody. they put it on the ticket, they put it everywhere. do not
it's kind of like u.s. is analogous to the u.s. government responsibility and there is a beautiful book called the people's privilege which tops out to leave the -- talks about the small the when they killed reverend lovejoy was an abolitionist. they killed him and they destroyed the press because they didn't like what he had to say. he pointed out in the moment when not only does the free speech mean they can't send to you but it also means they manage to protect you from the mall that wants...
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general allen the top u.s. commander in afghanistan reportedly wants to keep 60,000 troops through the fighting season, most of the troops who are already there. there are indications that he will recommend that the united states also keep 0,000 troops after 2014 including 1,000 special operators to keep a lid on things. this is how defense secretary panetta recently described his vision. >> afghans will be in the lead throughout the country on security until 2013 and africans will take full responsibility for security by the end of 2014. >>reporter: the final decision is up to president obama and defense secretary panetta will speak with general allen about what they will recommend to the president. >>shepard: after that, we have to know what the afghans want, right? >>reporter: that is right. a key point is that the state department has just started negotiating status of forces agreement, what we remember as the sofa agreement that was the sticking point in iraq when the pentagon wanted to keep u.s. forces be
general allen the top u.s. commander in afghanistan reportedly wants to keep 60,000 troops through the fighting season, most of the troops who are already there. there are indications that he will recommend that the united states also keep 0,000 troops after 2014 including 1,000 special operators to keep a lid on things. this is how defense secretary panetta recently described his vision. >> afghans will be in the lead throughout the country on security until 2013 and africans will take...
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u.s. economy. what are they saying about this? >> well, that's the problem for policymakers. i do think both republicans and democrats they want a deal. leaders want a deal because this really could be an economic catastrophe. i mean, that's what something that ben bernanke warned repeatedly. put politics aside for a little bit and try to get a deal. but both sides want to get the best deal possible and you're in the going to see any deal anytime soon because we have until january 1st. >> so you're saying they're going to wait until the last second. >> last second, up to christmas, if not new year's. this week when congress comes back and into next week, you see jockeying for leverage. that's what's going to happen. no major deal is going to reach -- be reached much before christmas if there is a deal. >> no plan for bob cusack celebrating the new year. you'll be on the hill waiting for a deal. we'll continue the conference. i appreciate it. switching gears, just into us at cnn, new damage
u.s. economy. what are they saying about this? >> well, that's the problem for policymakers. i do think both republicans and democrats they want a deal. leaders want a deal because this really could be an economic catastrophe. i mean, that's what something that ben bernanke warned repeatedly. put politics aside for a little bit and try to get a deal. but both sides want to get the best deal possible and you're in the going to see any deal anytime soon because we have until january 1st....
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and we do have the disconnect in the u.s. economy between consumers on the one hand-- and they account for 70% of the economy-- but they're feeling fairly good about things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of onl
and we do have the disconnect in the u.s. economy between consumers on the one hand-- and they account for 70% of the economy-- but they're feeling fairly good about things. whereas businesses are not, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far...
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over 20,000 people at the university of texas at el paso cheered as this u.s. army lieutenant performed 49 consecutive backhand springs during halftime at the school's football game. guinness world record officials will have to view the tape, which we sped up there, to determine if walker broke the current record of 35. she doesn't even look dizzy. >>> in sports, sunday night football, giants-packers. new york's eli manning threw for three tvd passes reaching 200 for his career as new york routed green bay 38-10. in miami, the dolphins got a little wet as the field sprinklers turned on during the third quarter. whoops. later, miami tied the game on a 29-yard touchdown pass. as time ran down a dolphins' field goal beat seattle 24-21. in other action, peyton manning of the broncos moved up to second place of all time of 3,000 yards passing or more beating kansas city 17-9. and comeback kid matt ryan of the falcons notched his 21st career game-winning drive in the fourth quarter, edging tampa bay 24-23. in college football, after beating usc, notre dame stays numb
over 20,000 people at the university of texas at el paso cheered as this u.s. army lieutenant performed 49 consecutive backhand springs during halftime at the school's football game. guinness world record officials will have to view the tape, which we sped up there, to determine if walker broke the current record of 35. she doesn't even look dizzy. >>> in sports, sunday night football, giants-packers. new york's eli manning threw for three tvd passes reaching 200 for his career as new...
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anyway, trying to figure out what type of force the u.s. military's going to leave in afghanistan after 2014. now, according to "the new york times," options range from a small counterterrorism unit to more than 10,000 americans and nato troops. there are also some ongoing discussions over how quickly that drawdown of those 66,000 troops still in the war zone are going to be. the talks factor in recommendations of commanders on the ground, many of whom favor a substantial force through next year's fighting season. that may be at odds with some of the white house, which "the new york times" says are describing as "very war weary." you know, mika, when you consider that every one of those troops out there have to worry about their afghan, quote, allies turning guns on them at any moment and shooting them, you know, they're not the only ones who are war weary. bring the troops home. >> it's too long. >>> mass protests are planned on the streets of cairo tomorrow after egypt's president, mohamed morsi, granted himself sweeping power over the co
anyway, trying to figure out what type of force the u.s. military's going to leave in afghanistan after 2014. now, according to "the new york times," options range from a small counterterrorism unit to more than 10,000 americans and nato troops. there are also some ongoing discussions over how quickly that drawdown of those 66,000 troops still in the war zone are going to be. the talks factor in recommendations of commanders on the ground, many of whom favor a substantial force...
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. >> which u.s. government policies perpetuate the transfer of wealth and the top 1% and could you rank them in importance? >> that would take all night >> please address the tax inequities between air did come and capital gains the federal reserve's policy of lower interest rates and the of this this of spending rather than saving and the reward given to borrowers rather than saver's spirit that famous line from harry met sally i will have what she had. i would single out the carried interest. that is amazing. also four years of a democratic president he has not managed to build that back. how can that be? also would is amazing i have yet to talk to a private equity% of matter how their barrel. they serve did the. added ministrations. you talk about this. is fabulous but it is unfair. they are adamant it is absolutely morally and and raged. not because it makes such a difference if you are paul ryan use say come on. it does not make much of the difference but the injustice is in reaching. also regul
. >> which u.s. government policies perpetuate the transfer of wealth and the top 1% and could you rank them in importance? >> that would take all night >> please address the tax inequities between air did come and capital gains the federal reserve's policy of lower interest rates and the of this this of spending rather than saving and the reward given to borrowers rather than saver's spirit that famous line from harry met sally i will have what she had. i would single out the...
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in the late 1950s our code word for a fallout shelter built in virginia for the entire u.s. congress. >> we have prepers who are very wealthy and are preparing for the end of the world. >> he has been preping for a nuclear war with russia for the last 35 years. he is concerned that his bunker may not be deep enough in the ground. >> to ensure his safety, big al has purchased a salvage fuel tank and gamma ray shelter. >> y-2k was for many preppers a turning point. >> just before the celebration in 2000 there was concern about our technology crashing. >> the fiasco had a silver lining to it because of the fact that so many people were concerned about the switching of the calendar and fact it could be computer glitches meant that programers were assigned to gather out all the possible glitches. >> david is a disabled truck driver. >> i'm preparing for an electromagnetic pulse that will disable the transportation system of the united states. >> of all there is one incident they have to be careful about. that is gigantic a solar storm when the sun has a temper tantrum. it would b
in the late 1950s our code word for a fallout shelter built in virginia for the entire u.s. congress. >> we have prepers who are very wealthy and are preparing for the end of the world. >> he has been preping for a nuclear war with russia for the last 35 years. he is concerned that his bunker may not be deep enough in the ground. >> to ensure his safety, big al has purchased a salvage fuel tank and gamma ray shelter. >> y-2k was for many preppers a turning point....
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these were her comments on wednesday. >> as a senior u.s. diplomat, i agreed to a white house request to appear on the sunday shows to talk about the full range of national security issues of the day, which at that time were primarily and particularly the protests that were enveloping and threatening many diplomatic facilities. when discussing the attacks against our facilities in benghazi, i relied solely and squarely on the information provided to me by the intelligence community. i made clear that the information was preliminary. and that our investigations would give us the definitive answers. >> do you accept that, congressman? >> no, i don't. first, let me say, i think susan rice has done an effective job as u.n. ambassador especially on north korea, but on this she was wrong. if she is sent out to speak to the american people on what happened in benghazi, she is obligated to do more than look at three sentences of unclassified or five sentences of unclassified talking points. that was basically a cover story. she had access to all of
these were her comments on wednesday. >> as a senior u.s. diplomat, i agreed to a white house request to appear on the sunday shows to talk about the full range of national security issues of the day, which at that time were primarily and particularly the protests that were enveloping and threatening many diplomatic facilities. when discussing the attacks against our facilities in benghazi, i relied solely and squarely on the information provided to me by the intelligence community. i...
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there are in the u.s. senate and our young and conservative who differed dramatically on foreign policy. marco rubio is more of a kennedy-esque beacon on hope. there could be an interesting debate in the republican primary next time if rand paul and marco rubio run over the future of the republican party. host: arlington tx, good morning. caller: i wanted to make a comment. republicans have a problem with minorities and hispanics. i am a hispanic man and i don't think about immigration every day wake-u up. immigration is not a permanent topic for me in everyday life. it makes me think that maybe there's something more to it. on the various social issues, i think the republican party pushes me away. gay-rights, environmental rights. would you change your views on ghts or dealing with the environmental? host: we have a headline. try to find a role in the republican party. guest: the caller talked about immigration. i think that is a threshold issue. there are a lot of hispanics and that is not their top issu
there are in the u.s. senate and our young and conservative who differed dramatically on foreign policy. marco rubio is more of a kennedy-esque beacon on hope. there could be an interesting debate in the republican primary next time if rand paul and marco rubio run over the future of the republican party. host: arlington tx, good morning. caller: i wanted to make a comment. republicans have a problem with minorities and hispanics. i am a hispanic man and i don't think about immigration every...
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u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this holiday season. those are your headlines, now back to melissa. melissa: thank you so much. as the fiscal cliff looms, one area that could be getting hit is your retirement savings. peter barnes is in washington, d.c., with more on this. why are you focusing on this part of the pie? >> it is one of the biggest tax breaks out there, melissa. budget negotiators talking about trimming all kind of tax deductions as part of the fiscal cliff, and some of these are pretty big ones. but get this, now some researchers argue that may not make a difference on the overall retirement savings which could give new ammo. $61 billion for 401(k) and similar, 46 for regular company pension plan, $16 billion for other retirement plans, 12 bouillo
u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this holiday season. those are your headlines, now back to melissa. melissa: thank you so much. as the fiscal cliff looms, one area that could be getting hit is your retirement savings. peter barnes is in washington, d.c., with more on...
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what's happening in the u.s. economy? it slowly is healing job market is starting to filter into sentiment. and the housing market is showing some notable signs of improvement. this week we're going to hear more on the housing market. manufacturing sector, also some consumer data. we're going to get some fed regional reports from the federal reserve. also going to get a gauge of gdp, gross domestic product. gdp is the broadest gauge of economic growth. prior quarter was something like 2%, not great. we think that maybe they're going to think this quarter was more like 2.8%, which would show, again, that healing in the market overall. a quick focus for you on the housing market. this is something you probably felt most directly. in part because we have record low mortgage rates. last year the 30-year fixed fell to 3.31%. the 15-year fixed, this is the popular refinancing tool, 2.63%. many of you are telling me you can't qualify. i'm telling you, these rates are going to stay low for a long time so you should try to repair
what's happening in the u.s. economy? it slowly is healing job market is starting to filter into sentiment. and the housing market is showing some notable signs of improvement. this week we're going to hear more on the housing market. manufacturing sector, also some consumer data. we're going to get some fed regional reports from the federal reserve. also going to get a gauge of gdp, gross domestic product. gdp is the broadest gauge of economic growth. prior quarter was something like 2%, not...
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. >> the other question is what account u.s. do, what should the u.s. do? >> this is going to be a difficult balancing act for the obama administration because, of course, the united states must support the continuation of democracy especially in egypt which is the heart of the arab world. and so i think you'll see some criticism by the state department and white house where president morsi has announced but on the other hand you saw last week how important morsi was in putting together the cease-fire between israel and hamas. he will be important on issues like iran, on countering terrorism. he now is one of the dominant figures in the middle east. so the administration doesn't want to alienate him but i do think they have to speak truth to power. and there will be criticism both from the united states and many other countries about this worrisome sign of possible return to authoritarianism in egypt. >> glor: nicholas burns, thank you. palestinian authority president abbas spoke to his supporters on the eve of his departure to the united nation where he wi
. >> the other question is what account u.s. do, what should the u.s. do? >> this is going to be a difficult balancing act for the obama administration because, of course, the united states must support the continuation of democracy especially in egypt which is the heart of the arab world. and so i think you'll see some criticism by the state department and white house where president morsi has announced but on the other hand you saw last week how important morsi was in putting...
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it could be a valuable resource. >> it's not always the military, and what i mean is we know the u.s. military use it is but more and more drones are being used by law enforcement in this country, right? >> sure. you're exactly right. we use them already in the united states for border control. the coast guard uses them. so these aren't completely unheard of in the united states. and we're going to see more and more of these. the faa, the federal aviation administration, they have a mandate from congress to incorporate more of these unmanned systems into civilian air space by 2014. what that could mean is we see more and more of these drones in civilian air space around cities, and you take a step back and say that's really scary, but really they're less expensive than some of the helicopters that local law enforcement have and so that would give local law enforcement the ability to afford some of these surveillance vehicles, and, you know, it's the kind of thing, martin, where if we see more and more of these, we're going to have increased privacy issues because it definitely opens u
it could be a valuable resource. >> it's not always the military, and what i mean is we know the u.s. military use it is but more and more drones are being used by law enforcement in this country, right? >> sure. you're exactly right. we use them already in the united states for border control. the coast guard uses them. so these aren't completely unheard of in the united states. and we're going to see more and more of these. the faa, the federal aviation administration, they have a...
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unauthorized trading by u.s. customers. customers were allowed to trade on the future prices of commodities of other items. macgraw hill is planning to sell its education business to apollo management for $2.5 billion. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: president obama and house speaker john boehner talking about a solution to the fiscal cliff. this coming to us from our partners at the "wall street journal" this hour. connell: the discussion about whether or not to raise taxes. some talking about abandoning their pledge. we spoke earlier with grover norquist. >> for the last 20 years, they have all kept the pledge. just me, the pledge, however, in the tax issue are very, very powerful. connell: do you think they will keep it again? >> i think they will keep it again. connell: that brings us to the judge. judge andrew napolitano. >> my thoughts are that some republicans will cave and break their vow not to raise taxes and they will suffer the fate of george bush tha
unauthorized trading by u.s. customers. customers were allowed to trade on the future prices of commodities of other items. macgraw hill is planning to sell its education business to apollo management for $2.5 billion. that is the latest from the fox business network. giving you the power to prosper. ♪ dagen: president obama and house speaker john boehner talking about a solution to the fiscal cliff. this coming to us from our partners at the "wall street journal" this hour....
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the factory made clothing for walmart and other stores in the u.s. and britain. survives say when the fire alarm went off, they were told it was a malfunction and to go back to work. >> an avoidable tragedy. >>> and this is expected to be another tumultuous week for egypt's president mohamed morsi. they clashed in the square in cairo yesterday. a teenager was killed and 40 people hurt. morsi who, of course, brokered the mideast cease-fire last week is now under protest to take steps to give himself more absolute powers to run the country. >>> back here at home, top republican lawmakers now say they'd be willing to break a no tax pledge to avoid the fiscal cliff. georgia senator saxby chambliss was among those on the sunday talk shows who said he'd be willing to reconsider raising taxes if democrats will cut spending. >> i will violate the pledge, long story short, for the good of the country only if the democrats agree to reform. >> the pledge signed 18 years ago is for that congress. the world has changed and the economic situation is different. >> now, congress
the factory made clothing for walmart and other stores in the u.s. and britain. survives say when the fire alarm went off, they were told it was a malfunction and to go back to work. >> an avoidable tragedy. >>> and this is expected to be another tumultuous week for egypt's president mohamed morsi. they clashed in the square in cairo yesterday. a teenager was killed and 40 people hurt. morsi who, of course, brokered the mideast cease-fire last week is now under protest to take...
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because the u.s. treasury borrowed the money, the surpluses that have been existing until two years ago, they took that money and spent it. but the social security trustees asked that they have it, that they have debt instruments to establish the debt that they loaned to the treasury. they didn't give it to the treasury. it was a social security payees', recipients' money. so it was loaned to the government, the debt instrument shows the debt and the treasury pays the interest to the social security trustees. and now for the first time, instead of having a surplus which the treasury can spend and buy votes with, we have a deficit, and boy, it's just beginning. it's already on a path to surge out of control and threatening the future of social security, and i would just note that it would add how does a government pay the money it owes to social security? it's already spent the money. you borrow the money from the bank, you spend it and the bank says i want to be paid back. what happens? well, the fede
because the u.s. treasury borrowed the money, the surpluses that have been existing until two years ago, they took that money and spent it. but the social security trustees asked that they have it, that they have debt instruments to establish the debt that they loaned to the treasury. they didn't give it to the treasury. it was a social security payees', recipients' money. so it was loaned to the government, the debt instrument shows the debt and the treasury pays the interest to the social...
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the u.s. supreme court has ruled time and time again that even the most offensive speech critical of government and religion is protected. the internet is an extremely powerful tool. how do we know that? because there is a move to the try and censor it. what can the united states do? in my opinion practically nothing. if you have countries getting together coordinating regulations i don't see much we can do to change how they are going to tax u.s. based companies. megyn: terry kramer about go to the dubai meeting and oppose this. but will also say we'll be careful because we don't want to preach to others. we need to be in a position of forcefully advocating what we believe in this -- believe in in this country. but iran? china? will they be moved? >> we have to look how the internet has been regulated. because it's based in the united states, the u.s. slaw controls what domain names are issued. so, yes, we can preach in that sense. if you look at the engineering task force. they operate under
the u.s. supreme court has ruled time and time again that even the most offensive speech critical of government and religion is protected. the internet is an extremely powerful tool. how do we know that? because there is a move to the try and censor it. what can the united states do? in my opinion practically nothing. if you have countries getting together coordinating regulations i don't see much we can do to change how they are going to tax u.s. based companies. megyn: terry kramer about go...
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offices of the offices of muslim brotherhood, one person dead and dozens injured in at that and the u.s. embassy in cairo warning americans to avoid the turmoil, staying away from large crowds in that country. now, back to huckabee. >> . >> mike: he's a former tv executive at good morning america and schoolhouse rock series. since leaving television, a new york times best selling author, when god winks book. and he and his wife louise, a comedian and impersonator, well, they stopped by for a visit earlier. it's so good to have you guys here. >> thank you, governor. >> mike: you know, to go from a television network career to writing inspirational books, that's a big leap, man, how did that happen? >> well, i went from ♪ conjunction junction what's your function ♪ to pray. >> mike: that's a leap. >> all the time i was at good morning america i was fascinated by the story where the reporter would start out by saying, and ironically today-- and i would perk up my ears because i thought, this might be one of those things that we call a coincidence, and i always felt there was more to co
offices of the offices of muslim brotherhood, one person dead and dozens injured in at that and the u.s. embassy in cairo warning americans to avoid the turmoil, staying away from large crowds in that country. now, back to huckabee. >> . >> mike: he's a former tv executive at good morning america and schoolhouse rock series. since leaving television, a new york times best selling author, when god winks book. and he and his wife louise, a comedian and impersonator, well, they stopped...